The 2,000 yuan borrowed in 1997 was said to be three cents at the time, but so far, I haven t given

1) In principle, the interest on private loans cannot exceed four times the interest rate of the bank for the same period, and if it exceeds it, it is usury and is not protected by law.

2) The legal limit of usury should not simply be based on the bank's loan interest rate, but should be specially formulated according to the actual situation of each locality, and if the upper limit of the guide interest rate is exceeded, it will constitute usury.

If the agreed interest exceeds the statutory guide interest rate, the excess part shall be invalid, and the creditor shall not have the right to claim payment for this part.

3) In practice, in line with the principle of protecting legitimate lending relationships, conducive to production and stabilizing economic order, specific lending relationships are analyzed in detail, and then whether they constitute usury.

From the point of view of the criteria for defining usury, there is no problem of suspected crime in usury in private lending. But usury is not protected by national law, and the law severely cracks down on usury.

In addition, if a person violates the criminal law in the course of lending usury, he must be investigated for criminal responsibility in accordance with the law.

If you don't roll, it will be 2000+ principal

The private two-cent interest is 10,000 yuan and 200 yuan a month, so the interest is 200 * 3 * 12 = 7,200 yuan a year, plus the principal is 37,200 yuan.

30000 a month, 12 months a year.

It is 7200, and the principal is 37200 yuan.

Q: Hello!I want to ask, I borrowed someone else's money, at that time it was verbally said that it was two points and a half interest, I paid off for two years, and then last year and this year I did not pay off the interest, but I have been repaying the principal, the IOU at that time did not write interest, I want to repay the principal at one time this year, but people did not give me an IOU, and also calculated the interest of 30,000 or 40,000 yuan, I said no, let me go to the court to sue, the other party can not come to my house to shout, now it has seriously affected my life, and it has brought a bad impact on my children, what should I do?

Where the interest on the loan may be determined through negotiation between the two parties, the annual interest rate for statutory protection is 24%, and the interest rate agreed upon by the borrower and the borrower does not exceed 24% per annum, and the lender requests the borrower to pay interest at the agreed interest rate, the people's court shall support it. If the interest rate agreed between the borrower and the borrower exceeds 36% per annum, the interest agreement on the excess part shall be invalid. Where the borrower requests the lender to return the interest paid in excess of 36% of the annual interest rate, the people's court shall support it.

2012-1997=15 years.

5,000 yuan x 20% (annual interest rate 2 cents) = 1,000 yuan x 15,000 yuan (interest) for 15 years

2 cents? Annual or monthly interest? Yearly or monthly compound or simple?